Iconomi ICN

Market Cap $ 35.943 MM (#141)
24h Volume $ 425.246 K
Chg. 24h: 2.49%
Algo. score 3.4/5  (#231)
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Iconomi News

We were innovative in 2016 when we did our ICO, this step is similar: ICONOMI Interview

The ICONOMI Digital Asset Management Platform was one of the first ERC-20 ICOs. Back in August 2016, ICONOMI raised $10 Million. In those days, the ETH price was around $12. With a broad set of tools for people of any skill level, ICONOMI enables users to buy into and manage various digital assets and combinations of digital assets called Digital Asset Arrays (DAAs). We had the honor of hosting ICONOMI’s COO Matej Tomazin for an interesting interview about the platform and about the recent unprecedented transformation of their company: “We were innovative in 2016 when we did our ICO; this step is similar, and we are showing the direction the industry should go.” What’s the difference between ICONOMI DAAs and ETFs? An ETF has some similar characteristics. The main difference is underlying because our baskets are composed of digital assets. This is also related to regulation, which means just as ETFs have underlying financial instruments such as stocks, bonds, derivatives, and so on, in our case, it’s digital assets, such as tokens and cryptocurrencies. This field is for now mainly unregulated, although we see some development and we are working on getting the products of the platform licensed as soon as the regulatory framework is established. Can you share some statistics, such as the current and the all-time high usage, the user database, and ICONOMI’s funding? These statistics have been quite similar across the crypto industry, so the most active days were in December 2017 and January 2018. When we opened the platform to put out the call for asset managers, there were more than 200 applications for people who wanted to set up a structure on our platform. Currently, we host more than 30 such structures on our platform, each with its unique strategy. We are now testing the beta version of our fiat gateway, which will allow users to purchase individual digital assets directly. It’s a 24/7 all-around platform available to users in over 80 different countries. Regarding the transformation of the company, can you tell us about the process of converting ICN tokens into eICN shares? How will it happen? What will I get? What kind of shares, agreements, etc.? More about this process will be published later this month on our blog. However, as a token holder, you have different options to choose from. If you believe in ICONOMI and want to be a shareholder, you can select the option to convert your tokens to shares, and those shares will be tokenized. You mentioned in your last blog post that the next crypto trend would be the tokenization of assets. Could you please elaborate on this? I think the traditional economy will go in that direction, meaning assets such as company shares, art, real estate, Yuval Gov (CryptoPotato) and Matej Tomazin (ICONOMI) and others will be tokenized. You will be able to invest in the traditional economy through tokens. Tokenization also means additional liquidity because if a Picasso picture is tokenized, you can buy just a part of the picture for, say, 10 Euros. Today you can only buy the whole picture. New possibilities will change the financial industry because you will be creating a portfolio from very different assets. They could be from cash flow streams, real estate options, and so on. You will not just construct a standard portfolio of funds, stocks, and bonds. This move is our way to demonstrate our commitment to developing and evolving Following the transformation, do you feel an admission of failure in any way? To build a good house, you need good foundations, and it is the same as the new shareholder structure. This is what we are making. If you are transparent about precisely who is behind it, you have the right recipe for further growth. Introducing a security token means we’re moving in that direction. What were the motives for the decision? Does regulation have anything to do with it? Well, there are different motives. We want to be transparent and clarify any legal doubt and questions about what the token represents. A white paper is just words, which means you have to trust what we say. With shares, it’s a little bit different. If you’re a beneficial owner, you can trust someone, but if you are managing money for someone else, trust is not enough - you need paper. ICONOMI continually innovates and moves forward in that direction. We were innovative in 2016 when we did our ICO, and this step is similar in that we are showing the direction the industry should go. As a result of your unprecedented and inspiring move, do you expect other ICOs to come to the same conclusion and make such a move? For us, utility was introduced because of legal uncertainty. However, once the legal clouds have disappeared, what tokens are and how they can be used will be straightforward. Other projects will analyze our move, and they will conclude for themselves whether it is something they want to pursue. Do you feel you have an advantage getting to that conclusion as one of the first ERC20

a day ago

‘We are in Active Communication with Binance,’ Says Bytecoin (BCN) Team

The last one week has been a tumultuous one for the hodlers of the cryptocurrency known as Bytecoin (BCN). This is because the digital asset was delisted by two prominent cryptocurrency exchanges in a very short time span that also resulted in the digital asset performing poorly in the markets. The first one to delist BCN was Binance; together with the three digital assets of Chatcoin (CHAT), Iconomi (ICN) and Triggers (TRIG). Plans of delisting them were announced on the 9th of October and trading was halted on the 12th. On the same day of the 12th, OKEX issued an announcement that the platform was also delisting BCN effective immediately. Shocked BCN Hodlers The delisting of Bytecoin by the two prominent exchanges has not gone unnoticed by the crypto community. Many hodlers took to twitter to express their displeasure with the two events. One such tweet showed the obvious frustrations of the Bytecoin community as follows: @OKEx_ Exchange sh*t! There are many big exchanges ahead, the main thing is not to give up! #Bytecoin #BCN forever! Another hodler was shocked by the brief notice given by Binance. I did not know that these coins would be delisted, my coins are gone now. What about my money? binance can not announce something like that 3 days before and then simply delete the coin, there are enough people who are not online every day Bytecoin In Talks With Binance In a Reddit post right after Binance announced the delisting of BCN, the Bytecoin team announced the following: Dear community, We’d like to clarify the situation with Binance We are in the process of active communication with the Binance representatives about the delisting situation. Bytecoin should proceed its trading on Binance without any issues, and we are trying to come to an agreement as soon as possible. For now any detailed communication with the Binance can’t be disclosed for privacy reasons. We will keep you updated during the day. Thank you for your patience. Further rereading the announcement by the team at Bytecoin, we can conclude that the two teams are currently in negotiations. Details on the communications can not be provided right now and only time will tell if BCN trading will resume on the prominent exchange of Binance and/or OKEX. What are your thoughts of Binance delisting BCN? Were you affected by the event? Please let us know in the comment section below. The post ‘We are in Active Communication with Binance,’ Says Bytecoin (BCN) Team appeared first on Ethereum World News.

4 days ago

Crypto Week In Review: Coinbase Drops Index Fund, “Dr.Doom” Bashes Crypto

Despite Nouriel “Dr.Doom” Roubini’s cries that the crypto market is on its last legs, this week’s crypto- and blockchain-pertinent developments indicate that this industry is still booming. Nouriel “Dr.Doom” Roubini Takes To Twitter, US Senate To Bash Crypto Dr.Nouriel Roubini, one of NYU Stern’s economics professors, recently bashed the cryptocurrency and blockchain world through a series of scalding comments and rants. Speaking in front of the U.S. Senate Committee on Banking, Housing, and Community Affairs, Roubini, dubbed “Dr.Doom” by some, made a series of comments against cryptocurrencies. From calling Bitcoin “the mother of all scams” to dubbing blockchain “the most hyped tech ever,” Dr.Doom threw everything he had — a handful of senseless, wanton, and baseless comments — at this budding industry. Moreover, as seen in a 37-page post-mortem of the inflammatory testimony, Roubini pulled out all the stops, taking out the classic bag of tricks that heavy-handed regulators utilize to falsely tarnish the name of the crypto industry. Although America’s leading officials and governmental employees heard the economist’s cries, some would argue that Roubini’s thrashing of this nascent technology hasn’t damaged the cryptosphere at all. In fact, there are optimists who truly believe that his comments managed to unite this industry, instead of fundamentally splitting it apart. Roger Ver Looks Into Launching An Crypto Exchange Speaking with Bloomberg reporters at Malta’s first-ever DELTA Summit, Roger Ver revealed that he intends to develop or purchase a cryptocurrency exchange in the near future. While Ver, a diehard decentralist, didn’t make Bloomberg reporters privy to many details, the Bitcoin Cash proponent explained that if his plans to purchase an exchange fall through, he will call upon one of Bitcoin.com’s partners to exclusively develop the platform. Although the specifics the Bitcoin.com CEO gave were few and far between, Ver explained the benefits and drawbacks of building a platform in-house, noting: “If we build it ourselves, we can do it really, really cheap, and we get exactly what we want. But we don’t have the security of a battle-tested exchange that’s been around for a while.” What the industry veteran is alluding to is that Bitcoin Cash is barely used as a base cryptocurrency, as many platforms are hesitant to put the foremost Bitcoin fork front and center. Seeing that Roger “Bitcoin Jesus” Ver presides over the Bitcoin.com domain, which hosts a news outlet, wallet solution, and gaming portal, it would make sense that the entrepreneur would want to capitalize on his webpage’s steady stream of traffic. Acknowledging this, Ver noted: “Our exchange will be posted on Bitcoin.com so we’ll have thousands or tens of thousands of new users every single day.” Skeptics of Bitcoin.com claim that this exchange is being manufactured in a bid to bolster the adoption of Bitcoin Cash, a popular, yet controversial Bitcoin fork. For now, however, it is unclear what Ver has in mind for the platform. Binance Drastically Alters Listing Policy, Delists 4 Altcoins On Monday, Changpeng Zhao, the CEO of Binance, revealed that the platform of his creation was about to drastically change its listing fee policy, which was kept under wraps for over a year. Hope others will follow. https://t.co/tBWvyAStd2 — CZ Binance (@cz_binance) October 8, 2018 According to the official announcement pertaining to the matter, Binance will now disclose all listing fees paid, while also remaining to fees received to charity for the foreseeable future. Further bringing clarity to the sudden policy shift, the startup added that prospective Binance listees will be giving a “donation” rather than a listing or application fee. The platform also explained that there will not be a minimum monetary value for “donations,” which should come as a relief to small-cap, lesser-known altcoin projects that are looking to gain traction on the world’s largest crypto market. The firm has already stayed true to its word, listing Ravencoin (RVN) and then divulging that the project had paid not a single dime, or Bitcoin for that matter, to gain a spot on Binance’s exclusive roster of supported crypto assets. However, it was explained that if a project happens to give a “donation,” the funds will immediately be transferred to the Blockchain Charity Foundation (BCF), which is a non-profit organization looking to support those in need through blockchain technologies. While there were cynics that suggested that Binance’s top brass had ulterior motives, as BCF is managed by the startup, CEO Zhao took to Twitter to explain that this move is likely to be a long-term “win-win” for the blockchain industry, along with Binance itself. Zhao, better known as CZ, wrote: “I think this is a net win for us too. Charity will increase adoption, make the industry bigger, which in turn will benefit BNB and Binance (and others too). Of course, we sacrifice short-term direct gains

4 days ago

ByteCoin (BCN) Delisted By a Second Exchange: OKEX

In a twitter announcement just hours ago, the team at OKEX alerted their clients that they were in the process of delisting Bytecoin (BCN) from the exchange. The reason for delisting BCN by OKEX is that there is a pending technical issue that has been left unattended by the coin’s development team. The announcement on the OKEX support page went on to give the exact time for the delisting: Our regular monitoring of Bytecoin found that the project has been exposed to a critical technical issue that has been left unhandled. To protect the interests of our users, OKEx will delist all BCN trading pairs at 19:00 Oct 12, 2018 (HKT). All depositing and trading services of BCN will be terminated after the date. Users should cancel their BCN orders from our platform. If your order is not canceled in time, the order will be canceled by the system and your asset will be credited to your trading account. BCN Holders Given till November 1st for Withdrawals Furthermore, the announcement gave all BCN holders on the platform up until November 1st, 2018 (Hong Kong Time), to withdraw all their coins from the platform to other preferred wallets. After this date, OKEX shall no longer support BCN. Binance Also Delisting BCN Today, October 12th In a similar announcement by Binance on the 9th of October, the exchange announced that it would delist four digital assets effective October 12th, 10am (UTC). These coins are as follows: Bytecoin (BCN) ChatCoin (CHAT) Iconomi (ICN) Triggers (TRIG) Withdrawals of these coins and tokens from Binance will continue to be supported only until November 12th, 10am (UTC). Market Response Since Binance made the announcement to delist BCN, CHAT, ICN and TRIG, all four have continued on a downward spiral in the crypto markets that has been accelerated by the recent slight crash of Bitcoin. The King of Crypto lost $400 in a matter of minutes. The fall of BTC coincided with a similar decline experienced at Wall Street at the same time. Since the 9th, BCN has fallen from values of $0.0022 to current levels of $0.0014: this is a drop of 36.4% in less than a week. What are your thoughts of both Binance and OKEX delisting BCN? Do you think the team at Bytecoin have abandoned the project? Please let us know in the comment section below. Disclaimer: This article is not meant to give financial advice. Any opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post ByteCoin (BCN) Delisted By a Second Exchange: OKEX appeared first on Ethereum World News.

6 days ago

Binance’s Announcement to Delist Coins Causes them to Drop in Price

Binance recently announced that it would be delisting Bytecoin (BCN), Iconomi (ICN), ChatCoin (CHAT), and Triggers (TRIG) on October 12. Consequently, each of these coins has plunged in regards to their market prices. BCN fell by 23% to trade at $0.17 from $0.22, losing more than $100 million of its market cap. CHAT dropped from $0.023 to $0.016, a 30% slide that saw it lose $5 million of its market cap. ICN declined by 10% to trade at $0.36 from $0.40, thus losing $4 million of its market cap. TRIG nosedived and shed 50% of its market cap to trade at $0.15 from $0.30. (KE)

8 days ago

Iconomic [ICN], Bytecoin[BCN], ChatCoin [CHAT], and Triggers [TRIG] Dump Amid Delisting

The prices of projects are often at the whims of investors and traders. Prices move based on expectations from those participating in the market. But oftentimes, prices are subject to the decisions of larger institutions who play a key role in the markets. Binance, the largest exchange by trading volume, has made the decision to delist four of the projects from its exchange. All of the projects have dumped on the delisting news. The projects include Bytecoin, ChatCoin, Iconomi, and Triggers. Projects Delisted Source- Twitter All four of the projects have fallen sharply on the news. Bytecoin has dropped almost 20% over the past 24 hours while ChatCoin has dropped over 25%. The hourly charts below show the sharp depreciation. Bytecoin (Left) and ChatCoin (Right) Hourly Charts - Source: Tradingview.com Iconomi has held its value better than its three peers after the news announcement with an approximate 10% decline over the past 24 hours. However, Triggers has fallen the most sharply with around a 37% decline over the past 24 hours. The hourly charts below show the fall in the price of the projects. Iconomi (Left) and Triggers (TRIG) Hourly Charts - Source: Tradingview.com The news of the delisting represents one of the key risks with altcoin projects. Investors holding the project do not have any time to react after the news as the project begins to fall sharply straight away. The only investors and traders who will have a chance of exiting will be those with algorithms programmed. There is also a knock-on effect that makes it more likely for more exchanges to delist the project after the market-leading exchange Binance have done so. Each exchange which delists the projects cuts a key source of capital from the project. This is one risk which Bitcoin does not face as it is listed on every exchange and acts a key gateway into altcoin project. Although Bitcoin does not always outperform in rising markets, it has held its value better during declining markets. Bitcoin is not as exposed to the decisions of governments and institutions as much as altcoins are. Iconomic [ICN], Bytecoin[BCN], ChatCoin [CHAT], and Triggers [TRIG] Dump Amid Delisting was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

8 days ago

Binance Delists Bytecoin, ChatCoin, Triggers, and Iconomi Cryptocurrencies

Binance, the world’s largest cryptocurrency exchange (in market volume) has announced on Oct. 9 that it will delist Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN), and Triggers (TRIG) from its platform. Binance’s Reasons for Delisting Digital Currencies According to the press release, Binance conducts comprehensive and periodic reviews to ensure that listed cryptocurrencies on its platform maintain a high standard of quality. In case a digital asset fails to meet the criteria, Binance performs additional review to potentially delist it. The company has outlined that the delisting of a cryptocurrency is decided by the following factors: “Commitment of team to project Quality and level of development activity Network/smart contract stability Level of public communication and activity Responsiveness to our periodic due diligence Evidence of unethical/fraudulent conduct Contribution to a healthy and sustainable crypto ecosystem.” Binance has set the day of delisting BCN, CHAT, ICN, and TRIG at 2018/10/12 10:00 AM (UTC) on all the available trading pairs. However, withdrawals will remain open until 2018/11/12 10:00 AM (UTC). The Bytecoin Pump and Dump Jonha Richman, PR & marketing advisor for Blockchain companies, told [blokt] that: “Binance only has the best interest of its users as coins and projects that do not necessarily have enough interest (as proven in form of volume) will no longer be included in its platform. By doing so, it will make way for more interesting and possibly more appealing coins for its users and investors to potentially invest in. Such practice is not exclusive for Binance and other exchanges such as Bittrex is also delisting a few coins including: Bitshares (BTS), Bitcoin Gold (BTG), and Bitcoin Private (BTCP)” Bytecoin, the most notable cryptocurrency of the ones to be delisted, saw a significant price increase (166%) in just a few hours after its listing on Binance last May. Experts then raised red flags about this listing, citing Monero, a cryptocurrency hard forked from BCN, whose team said that Bytecoin was highly centralized as 82 percent of its coins were premined and owned by its developers. Moreover, 693 million BCN coins were reportedly created out of thin air to compensate Binance for listing Bytecoin. The freezing of BCN on all platforms that followed raised a widespread belief that Bytecoin and Binance were involved in what was then called “the most sophisticated pump and dump ever.” Controversy Across the Community While Binance announced just yesterday that fees from future coin listings would be donated to charitable activities, today’s delisting announcement has raised skepticism across the crypto community about its credibility. Binance said that the disclosure of the coin delisting factors aims to ensure public transparency. A large part of the community embraced the decision of Binance as BCN, CHAT, ICN, and TRIG have not proved their value so far. However, numerous people said that the exchange should also demonstrate the same transparency prior to listing a new coin, a practice that Binance hasn’t followed up to date. Others said that because Binance’s delisting decision has the power to manipulate the market as people run to dump their coins, the exchange should conduct better due diligence before classifying a digital asset as worthless, like in the case of ChatCoin, which was added on Binance earlier this year. At the time of writing, Bytecoin is losing 20% of its value and is currently trading at $0.001781. ChatCoin plummets by 22% ($0.017494), Iconomi drops by 9% ($0.361727), while Triggers experiences losses of 39%, trading at $0.190701. Binance Delists Bytecoin, ChatCoin, Triggers, and Iconomi Cryptocurrencies was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

8 days ago

Exchanges Roundup: Glen Oaks Escrow Supports Crypto, Binance to Delist 4 Altcoins

In recent news pertaining to cryptocurrency exchanges, Glen Oaks Escrow has announced that it has partnered with Bitpay to support cryptocurrency payments and Binance has revealed that it will delist Bytecoin, Chatcoin Iconomi and Triggers next month. Etoro, meanwhile, has announced a “significant cut” in the spreads on cryptocurrency markets on its platform. Also Read: Korean ...

8 days ago

Byte Me: Binance Boots BCN From Crypto Exchange

If you want to attract an elite crowd, you have to kick out the riff-raff. That seems to be how Changpeng Zhao is running the club lately; the world’s largest cryptocurrency exchange by trading volume announced today that it is crossing four cryptocurrencies off the guest list: Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN), and Triggers (TRIG). ...

9 days ago

Binance Delisting Bytecoin, ChatCoin, Iconomi, & Triggers in 3 Days, Price in Deep Red

Binance has announced the delisting of Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN), and Triggers (TRIG) citing a number of reasons for the same and claiming ...

9 days ago

Binance Announces that It Is Delisting Bytecoin, CHAT, Iconomi, and TRIG

Today, Binance has announced that it has decided to halt trading on all trading pairs of Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN), and Triggers (TRIG). The exchange will delist the coins mentioned above on October 12, and their withdrawals will go on until November 12. The delisting is part of Binance’s periodic review of digital currencies that delists cryptocurrencies that do not meet set standards. The exchange firm has also changed its listing fee policy making all listing fees transparent. It has pledged to donate all proceeds from listing fees to charity. (KE)

9 days ago

Kraken Adds Cardano and Quantum to Its List of Supported Crypto Assets

Cryptocurrency exchange Kraken has announced the addition of two new assets to its platform: Cardano and Quantum, bringing the number of supported coins up to 19. Ninth-placed Cardano (ADA) and 29th-ranked Quantum (QTUM) join the likes of Bitcoin, Ether, EOS, Stellar Lumuns, Litecoin, Tether, Monero, Dash, Ether Classic, Dogecoin, Zcash, Augur, Iconomi, Gnosis, and Melon. Trading The post Kraken Adds Cardano and Quantum to Its List of Supported Crypto Assets appeared first on Coinjournal....

20 days ago

Liqui.io delists 15 Assets From its Platform

Liqui.io has announced that it will delist 15 tokens on the 28th of September. The process will start at 12:00 UTC and will see Assets including CFI, TAAS, EDG, MCO, MGO, WAVES, MLN, TKN, MYST, ICN delisted. Customers have been told they have until then to stop trading and withdraw all balances in these assets. However, the exchange company may extend the deadline upon any interruption of wallet availability, of which they will let know to their clients through email. Once this deadline is reached, withdrawals will be disabled while the assets are fully decommissioned. (KE)

25 days ago

Take Caution with Odyssey

The Odyssey token - ICN, has been one of the best performance in the recent market. Since 9th of September price went up from $0.003 up to $0.005 in just one week time. This has resulted in a Odyssey gain of over 75% over the USD. But it is obvious that the resistance is now ...

a month ago

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